Securities & Exchange Commission v. Sargent

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that “prejudgment interest, like the disgorgement remedy, is intended to deprive wrongdoers of profits they illegally obtained by violating the securities laws”
• noting that.a “one-tip tip” by a defendant who “did not personally realize any trades or direct profit” did not require civil penalties
• noting that the tippee “made no efforts to conceal his isolated transaction”
• “Requiring payment of interest prevents a defendant from obtaining the benefit of what amounts to an interest free loan procured as a result of illegal activity”
• declining to impose civil penalty where defendant “was criminally convicted” and faced one year of probation
• declining to assess civil penalty where defendant “made no efforts to conceal his isolated transaction”

Source: CourtListener parenthetical corpus (CC0).